ROC, Inc. Opportunity Fund

The principal objective of the Fund is to maximize total return on capital by seeking capital appreciation and, from time to time, net income from cash flow generation from a diversified portfolio of revenue producing real estate assets, including properties and notes. [read more]

The Fund will seek to achieve this goal through the formation of Joint Ventures with lenders and/or owners of real estate assets, and the direct acquisition of good quality assets at favorable prices from sellers suffering distressed financial situations. The goal is to acquire such assets at prices that are significantly less than their replacement costs (generally defined as the total cost to buy land and construct the project) and intrinsic values. In both instances, the focus will be on identifying situations where the economic performance of the property has suffered a temporary reduction (such as higher vacancy rates, reduced rents, and higher Cap Rates) which are caused by matters unrelated to the quality of the asset.

Investments are expected to be located in diverse geographic markets throughout the United States (with particular focus on the Midwest) that the Manager believes are capable of successful turnaround. The Fund will also seek to invest in assets with disproportionately favorable risk-reward ratios. Based on a modeling of acquisition and financing scenarios and various assumptions required to be made, the Manager will seek to achieve an overall 20% Internal Rate of Return on the Capital Commitments paid to the Fund over the life of the Fund. There can be no assurance that such investment objectives will be achieved.

Key Personnel of the Fund

Michael S. Siurek

Mr. Siurek is President of ROC, Inc., a real estate investment, development and construction services company. He is also a major partner in ROC/MCS LLC, an investment company dealing in residential foreclosed properties throughout Chicagoland. [read more]

As a result of these various endeavors, his experience and responsibilities are broad based. They include project identification and development, financial negotiations and capital structure and project management. He completes each project in a cost effective, timely manner achieving operating expense efficiencies, and maximizes returns for the portfolio.

First educated as an engineer, Mr. Siurek acquired an extensive background in commercial investment, redevelopment and disposition. He has spent over 15 years closing transactions on distressed properties with financial institutions, federal agencies and private parties. During this time, he developed an unique perspective which culminated in the successful startup of his own company grounded in commercial real estate, and the initial successes enabled him to attract investment capital for additional projects.

Over the past several years, Mr. Siurek has been very active with the development and disposition of hundreds of multifamily units. He has also redeveloped hundreds of thousands of square feet of office space, which created tens of millions of dollars of investor value. He continues to seek real estate projects which allow him to use his unique talents and experience to further investor value. He has an MBA in Finance, with honors of distinction from Benedictine University, and an undergraduate degree in Manufacturing Technology and Engineering from Western Illinois University. Mike serves on the Board of Trustees for Benedictine University, he is also an active member of the All Saints Catholic Academy Construction and Development Committee, and he spends considerable time coaching youth sports.

Doug Riccolo

Mr. Riccolo is an Associate of ROC, Inc., a Real Estate Investment Company. He has been a passive investor in several ROC, Inc. Real Estate ventures over the past 15 years, and has recently transitioned into a full time position within the company. He is also a General Partner in several of the ROC, Inc. sponsored investments. [read more]

Mr. Riccolo started his career with Archer Daniels Midland (ADM), and spent over twenty years as an independent options floor trader. While trading his own account at Chicago Board of Trade (CBOT) he managed risk and deployed capital on a daily basis. This invaluable experience has enabled him to assess risk, identify potential investments opportunities, and implement strategies that insure successful results. Doug responsibilities include the coordination of securing investment equity and deals extensively with the acquisition, repositioning and management of ROC, Inc’s investment portfolio. He is a member of the (CBOT) Chicago Board of Trade, (CCFE) Chicago Climate Futures Exchange, and (AIRE) Association Industrial Real Estate and (USTA) United States Trotting Association.

Doug and his wife Lora reside in Wheaton with their three children. They are active members of St. Francis HS as well as St. Michaels church, school and athletics.